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BRIEF-QT Vascular enters into asset purchase option agreement with Medtronic
May 11, 2017 / 11:33 PM / in 3 months

BRIEF-QT Vascular enters into asset purchase option agreement with Medtronic

1 Min Read

May 12 (Reuters) - QT Vascular Ltd

* Entry Into Asset Purchase Option Agreement

* upon exercise of option by medtronic and closing , medtronic shall pay to sellers purchase consideration of us$28 million

* Company and its units entered into asset purchase option agreement with medtronic, inc. And one of its affiliates

* Medtronic has the option to acquire specific assets of the sellers and licence intellectual property

* Medtronic enters into loan & security agreement with co to extend interest‐bearing loan of 8% per annum of upto us$1.3 million for upto 3 yrs Source text for Eikon: Further company coverage:

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